:00:00. > :00:00.jury was still considering other charges. Those are the headlines.
:00:00. > :00:17.Now on BBC News, all the latest business news live from Singapore.
:00:18. > :00:23.Google unveils android TV, four years after its last attempt at a
:00:24. > :00:30.video service failed. And General Motors Hawke Sayers of its
:00:31. > :00:37.top`selling Chevrolet, `` halt sales, due to defective airbags.
:00:38. > :00:40.Welcome to Asia Business Report. There is fierce composition among
:00:41. > :00:45.technology companies to come up with the latest clever gadget, or at
:00:46. > :00:49.least improve upon existing ones. Google's annual developer conference
:00:50. > :00:57.the tech giant announced plans to bring its Android software to cars,
:00:58. > :01:00.televisions and other things. Our correspondent Richard Taylor was at
:01:01. > :01:04.the event in San Francisco. The keynote presentation here, almost
:01:05. > :01:07.three hours long. No great surprises, although there were some
:01:08. > :01:13.interesting themes and announcements. First off the bat was
:01:14. > :01:18.Android One, I wait for Google to get more smartphones into the hands
:01:19. > :01:22.of people in the developing world in emerging markets. Currently there
:01:23. > :01:27.are only 10% of smartphone users in those markets. And Android One is a
:01:28. > :01:31.way for Google to work with hardware makers to deliver a low cost Android
:01:32. > :01:35.experience, with Google support and software on top. Android One is a
:01:36. > :01:38.big opportunity for Google to increase its presence in those
:01:39. > :01:44.emerging markets. Another opportunity is for Google to put
:01:45. > :01:49.Android not just on mobile phones and on tablets but in smart watches,
:01:50. > :01:53.there will be a range available soon with Android apps. We have known
:01:54. > :01:57.that for a while, but Google showing off some of the capabilities of
:01:58. > :02:00.those devices, how you can talk into them and receive not just
:02:01. > :02:04.notifications from your smartphone but synchronise data and get
:02:05. > :02:08.information from your watch to the phone itself. Now Google's march
:02:09. > :02:12.into the living room has not been altogether successful so far, Google
:02:13. > :02:17.TV was a bit of a disaster, trying to get Google's interface on our big
:02:18. > :02:21.screens. They have rebranded it Android TV. The idea here is as with
:02:22. > :02:25.a lot of other services which exist, a lot of competition out there, to
:02:26. > :02:29.get android running on your TV so you can order movies, or even three
:02:30. > :02:34.double play games. Finally, Google are putting more flash on the bone
:02:35. > :02:39.of its car initiative, Android Auto is a weight of using the guts of
:02:40. > :02:43.your smartphone while you are on the road. So you can get driving
:02:44. > :02:47.directions on your dashboard using your telephone is the hub. What
:02:48. > :02:50.emerged today as the theme is unifying the design across all
:02:51. > :02:55.devices which we might learn from Google. That is your watch,
:02:56. > :03:00.smartphone, television, and car. It is an attempt to try and shed its
:03:01. > :03:03.reputation if you like as being and fragmented system of Google services
:03:04. > :03:12.that we use. Who knows? It may even get Apple users some pause for
:03:13. > :03:16.thought. Richard Taylor. It looks like more bumps ahead for General
:03:17. > :03:21.Motors. The auto giant is halting sales of its Chevrolet cruised cars
:03:22. > :03:28.because of potentially defective airbags so supplied a Japanese firm.
:03:29. > :03:33.They have already seen various defects associated with deaths. It
:03:34. > :03:37.has been fined and faces a series of investigations. The president of
:03:38. > :03:41.General Motors spoke to our correspondent in London. He began by
:03:42. > :03:45.asking him just how much money he thinks that General Motors will have
:03:46. > :03:48.to pay out in compensation. It will be as big as it needs to be to
:03:49. > :03:52.compensate those who lost loved ones or suffered serious as injuries. We
:03:53. > :03:57.have appointed an independent administrator to administrate that
:03:58. > :04:01.from and it independent perspective. He will set the rules for
:04:02. > :04:05.eligibility. `` from an independent perspective. Just this week it
:04:06. > :04:09.emerged from an internal memo that were sent within General Motors in
:04:10. > :04:16.2002 at the board was warned that the company had to stop shipping
:04:17. > :04:22.vehicles that were unsafe. Have you feel about the fact that for over a
:04:23. > :04:25.decade, GM, this iconic American company, was selling unsafe
:04:26. > :04:30.vehicles? Obviously that was a problem. And we are seeing that
:04:31. > :04:35.problem manifested itself and now we are taking action to fix it and make
:04:36. > :04:38.sure it can never happen again. There is massive controversy around
:04:39. > :04:41.the recall issue, is that hurting confidence in the GM brand? If you
:04:42. > :04:45.look at our current sales performance in the US, it is hard to
:04:46. > :04:48.point to an immediate term impact. That does not mean there won't be
:04:49. > :04:52.won at some point. But the fundamental principle of doing the
:04:53. > :04:56.right thing for the customer has put us in as reasonable opposition as we
:04:57. > :05:01.can be. How much is all it is likely to cost? We have indicated initially
:05:02. > :05:05.about $2 billion. But presumably in the long`term with compensation et
:05:06. > :05:09.cetera it will be a lot more than that. We have announced charges so
:05:10. > :05:13.far that have already been up there. It could be some additional
:05:14. > :05:18.costs associated with that. We have a very strong balance sheet today.
:05:19. > :05:25.We have good liquidity and will be able to absorb incremental cost. We
:05:26. > :05:28.expect to have more clarity at the end of the second quarter. The
:05:29. > :05:35.president of General Motors there. China's tough official continues his
:05:36. > :05:43.charm offensive in Taiwan, which China considers our province. He
:05:44. > :05:46.will visit and `` will visit a community centre where he hopes to
:05:47. > :05:50.win the hearts and minds of Tywyn is. He has come up against
:05:51. > :05:53.opposition from protesters who say that such close ties could be bad
:05:54. > :06:00.for business. Our correspondent reports from Taipei `` Taiwanese.
:06:01. > :06:04.With confidence, he arrived in an unprecedented visit to Taiwan. He
:06:05. > :06:11.wasted no time in trying to charm the Taiwanese, greeting well`wishers
:06:12. > :06:15.in the local dialect. TRANSLATION: Hello my fellow friends in Taiwan.
:06:16. > :06:19.My pronunciation may be incorrect, but I am very sincere. Instead of
:06:20. > :06:24.seeing the President, people spend most of his meeting ordinary
:06:25. > :06:28.people, including owners of businesses who fear they could be
:06:29. > :06:34.affected by trade deals with China. Protesters worry about China's
:06:35. > :06:39.growing influence were ready to give him an earful. They chanted that
:06:40. > :06:47.Taiwan's future will be decided by Taiwan. TRANSLATION: We believe at
:06:48. > :06:50.the meeting today they will talk about important issues. But we have
:06:51. > :06:52.no access to the content or the process of the meeting. They will
:06:53. > :06:59.make decisions under the table. We can't accept that. The visit comes
:07:00. > :07:02.on the heels of the student occupation of Parliament in the
:07:03. > :07:08.spring, to stop the legislature from passing trade agreement, Taiwan
:07:09. > :07:11.signed with China. Students and others feared the agreement and
:07:12. > :07:16.future deals would make the island to economically dependent on China.
:07:17. > :07:21.And therefore vulnerable to Beijing's pressures to reunify.
:07:22. > :07:26.Aware of the power of the opposition in democratic Taiwan, he was to be
:07:27. > :07:33.seen as listening to the opinions of the Taiwanese. Analysts say this is
:07:34. > :07:37.It now wants closer relations with It now wants closer relations with
:07:38. > :07:42.Taiwan, no matter who is in power. But Beijing now realises that before
:07:43. > :07:53.stronger ties can be built, it must first ease Taiwanese suspicions. In
:07:54. > :07:58.other business News, Taiwan's Foxcon technology group is suing three
:07:59. > :08:04.companies over copyright in infringements. It filed lawsuits
:08:05. > :08:11.against Toshiba and two other companies. It claims they violated
:08:12. > :08:17.patent in televisions, smartphones, and computers. US regulators have
:08:18. > :08:26.filed a lawsuit against Barclays allegedly misleading investors. The
:08:27. > :08:32.charges centre on a trade called dark pools Dark Pools `` Dark
:08:33. > :08:36.Pools, which allows the shares to be sold anonymously without going to a
:08:37. > :08:39.stock exchange. It is said that the integrity of the markets is a top
:08:40. > :08:46.priority. For more on those stories you can log onto our website,
:08:47. > :08:49.financial institutions are coming up with quicker and ever more
:08:50. > :08:54.convenient ways to help customers pay for products. And services. In
:08:55. > :08:59.turn, criminals are coming up with ever more ingenious ways of
:09:00. > :09:03.stealing. By some estimates, there are $11 billion worth of credit
:09:04. > :09:08.fraud every year. That is a figure that has doubled in the past five
:09:09. > :09:15.years. Earlier I asked a financial crime expert how prevalent the
:09:16. > :09:20.problem is here in Asia. Again, trending the same as we do across
:09:21. > :09:23.the globe, there is more sophisticated criminals, especially
:09:24. > :09:29.in the digital age, and certainly we see within the last year some very
:09:30. > :09:34.sophisticated malware attacks occurring in Asia. So how do you
:09:35. > :09:41.stop the fraudsters? Have been issues in other isolated issues
:09:42. > :09:44.where they haven't been able to protect their consumers. What can
:09:45. > :09:50.they do? Are they doing a good enough job? The innovation which is
:09:51. > :09:53.occurring on the payment side needs to occur on the technology side as
:09:54. > :09:56.well. Really, as we talk about moving across all these devices, we
:09:57. > :10:00.really need to create a digital fraud ranking hub, where consumers
:10:01. > :10:05.can be protected in all interactions. Maryanne Miller
:10:06. > :10:10.speaking earlier. Taking a look at the Asian markets, which are taking
:10:11. > :10:20.their cues from the US which closed higher. Gains for the Nikkei,
:10:21. > :10:25.countered by weak US growth which seems to delay the day that interest
:10:26. > :10:28.rates might rise. That is how markets are performing right now.
:10:29. > :10:39.That is it for this edition of Asia Business Report. You are watching
:10:40. > :10:44.BBC News. These are the headlines: a bomb rips through a busy shopping
:10:45. > :10:46.district in the Nigerian capital. At least 21 people have died, with
:10:47. > :10:47.dozens more